GRANITE CONSTRUCTION INC GVA Income Statement

Granite construction inc (GVA)

Income statement / TTM

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	18	19	20	20	8	10	8	13	12	10	0	0	0
Total revenue
3,389	3,357	3,374	3,318	3,227	3,128	3,084	2,989	2,855	2,701	2,543	2,514	2,478	2,425	2,390	2,371	2,330	2,299	2,315	2,275	2,283	2,303	2,268	2,266	2,173	2,162	2,151	2,083	2,117	2,117	2,062	2,009	1,887	1,829	1,799	1,762	2,066	1,856	0	0	0
Cost of revenue
Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	15	16	18	17	7	8	7	10	10	9	0	0	0
Total cost of revenue
3,202	3,116	3,001	2,929	2,845	2,777	2,738	2,674	2,559	2,413	2,256	2,213	2,157	2,116	2,090	2,071	2,062	2,059	2,058	2,035	2,071	2,102	2,099	2,089	1,981	1,924	1,911	1,848	1,860	1,868	1,820	1,761	1,672	1,632	1,596	1,585	1,828	1,611	0	0	0
Gross profit
187	240	373	389	381	351	346	314	295	288	287	301	320	309	300	299	268	239	257	239	212	201	168	177	192	237	239	234	257	249	242	247	215	197	202	177	237	244	0	0	0
Selling, general and administrative expenses
304	301	292	272	251	229	219	220	222	227	225	219	219	210	208	203	189	191	195	193	190	188	183	191	207	203	197	185	168	166	164	162	159	167	179	191	214	223	0	0	0
Acquisition and integration expenses
31	37	54	60	0	34	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of property and equipment, net
16	12	9	7	6	5	4	4	8	7	8	8	8	8	8	8	11	13	15	15	11	11	11	12	28	26	26	27	0	0	0	-	13	11	12	13	12	12	0	0	0
Restructuring gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
-131	-86	34	64	93	92	122	98	83	70	72	92	116	114	105	110	92	63	80	65	-18	-27	-55	-54	15	63	71	80	99	98	93	99	-39	-67	-74	-109	35	33	0	0	0
Other (income) expense
Interest income
8	7	7	6	5	5	5	4	4	3	3	3	2	2	2	2	3	3	2	1	0	0	1	1	-3	-3	-3	-2	2	2	2	2	3	4	5	4	4	3	0	0	0
Interest expense
17	17	16	14	12	11	10	10	11	11	12	12	12	13	13	14	30	29	21	14	-2	-0	7	14	-8	-9	-10	-10	11	12	10	10	10	7	9	9	11	13	0	0	0
Equity in income of affiliates
11	7	8	6	7	8	6	7	7	7	6	7	6	4	4	3	2	2	1	0	0	-0	0	1	-2	-0	-1	-1	1	1	1	2	2	1	0	0	3	4	0	0	0
Other expense (income), net
1	3	3	1	4	3	3	4	3	2	5	5	5	5	2	2	6	4	3	1	-2	-0	0	1	-8	-7	-11	-6	1	-2	1	-4	-0	2	4	6	8	9	0	0	0
Total other income
4	1	2	0	4	6	4	5	3	2	3	4	2	-0	-4	-6	-17	-18	-13	-9	0	0	-4	-9	-6	-2	-7	-0	-6	-10	-3	-9	-5	0	1	2	6	3	0	0	0
Income (loss) before provision for (benefit from) income taxes
-127	-84	37	64	97	99	127	104	87	72	75	96	118	113	100	103	83	53	71	55	-26	-35	-64	-64	9	61	64	81	93	87	89	89	-44	-67	-73	-106	41	37	0	0	0
Provision for (benefit from) income taxes
-34	-29	5	10	19	31	37	28	27	22	23	30	36	37	33	35	29	17	23	19	-8	-9	-18	-19	2	14	15	21	26	24	25	23	-20	-43	-41	-43	2	18	0	0	0
Net income (loss)
-92	-55	32	53	78	67	89	75	59	49	52	66	82	76	67	68	53	35	48	35	-18	-25	-46	-44	6	46	48	59	66	62	64	66	-24	-23	-31	-62	39	18	0	0	0
Amount attributable to non-controlling interests
12	14	13	11	10	8	8	6	7	6	8	9	12	12	8	7	5	2	11	10	2	-3	-11	-8	-3	11	13	14	20	17	16	14	-6	-7	-4	-3	17	17	0	0	0
Net income (loss) attributable to Granite Construction Incorporated
-105	-70	19	42	68	58	81	69	52	43	43	57	69	63	58	60	48	33	37	25	-20	-22	-34	-36	10	34	35	45	46	45	48	51	-17	-15	-27	-58	21	0	0	0	0
Net loss per share attributable to common shareholders (see Note 16)
Basic (in dollars per share)
0.44	-2.09	-0.74	0.26	1.20	-0.20	-0.29	0.84	1.15	0.35	-0.60	0.40	0.94	0.36	-0.26	0.74	0.78	0.24	-0.22	0.44	0.39	0.35	-0.53	-0.75	0.34	0.04	-0.57	0.47	0.96	0.05	-0.31	0.49	0.94	0.13	-0.24	-1.29	1.00	-0.18	-1.09	0.79	0.46
Diluted (in dollars per share)
0.43	-2.09	-0.74	0.28	1.17	-0.20	-0.29	0.82	1.14	0.35	-0.60	0.41	0.92	0.35	-0.26	0.73	0.77	0.24	-0.22	0.45	0.38	0.34	-0.53	-0.74	0.33	0.04	-0.57	0.47	0.94	0.05	-0.31	0.49	0.93	0.13	-0.24	-1.28	0.99	-0.18	-1.09	0.79	0.46
Weighted average shares of common stock
Basic (in shares)
46	46	46	46	46	41	39	39	39	39	39	39	39	39	39	39	39	39	39	39	39	39	38	38	38	38	38	38	38	38	38	38	38	38	37	37	37	37	37	37	37
Diluted (in shares)
47	46	46	47	47	41	39	41	40	40	39	40	40	40	39	40	39	39	39	40	39	39	38	37	39	39	38	39	39	39	38	38	38	38	37	37	38	37	37	37	37
Dividends per common share
-	-	-	-	-	-	-	-	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13
Transportation [Member]
Total revenue
1,844	1,857	1,955	1,976	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
1,858	1,813	1,775	1,786	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Water [Member]
Total revenue
470	458	397	338	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
417	396	341	278	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Specialty [Member]
Total revenue
705	672	648	626	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
604	581	558	535	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Materials [Member]
Total revenue
368	369	372	376	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
321	325	325	328	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction [Member]
Total revenue
-	-	-	-	-	-	-	-	-	1,480	1,382	1,365	1,346	1,309	1,283	1,262	1,234	1,254	1,217	1,186	1,168	1,191	1,231	1,251	1,191	1,106	1,043	984	1,008	1,053	1,068	1,043	998	977	954	943	1,195	1,063	0	0	0
Total cost of revenue
-	-	-	-	-	-	-	-	-	1,259	1,172	1,155	1,131	1,105	1,089	1,075	1,083	1,114	1,092	1,072	1,071	1,092	1,132	1,148	1,085	1,018	960	906	911	931	941	919	884	877	855	847	1,053	913	0	0	0
Large Project Construction [Member]
Total revenue
-	-	-	-	-	-	-	-	-	956	899	888	864	832	817	812	804	766	828	825	849	856	793	777	753	823	871	863	860	817	751	725	668	624	615	584	610	566	0	0	0
Total cost of revenue
-	-	-	-	-	-	-	-	-	916	846	824	788	757	742	733	715	694	719	717	752	766	732	710	671	681	722	714	717	706	656	620	581	544	526	517	535	487	0	0	0
Construction Materials [Member]
Total revenue
-	-	-	-	-	-	-	-	-	264	261	261	266	283	288	295	292	278	269	263	265	255	243	237	233	236	239	235	231	227	222	220	211	216	219	222	246	216	0	0	0
Total cost of revenue
-	-	-	-	-	-	-	-	-	237	236	233	237	253	257	262	263	251	246	245	248	243	233	230	228	229	231	227	216	213	204	203	265	267	274	210	36	-87	0	0	0